Deposit Interest Rate in South Africa increased to 6.42 percent in March from 5.96 percent in February of 2023. source: IMF
Deposit Interest Rate in South Africa averaged 9.99 percent from 1977 until 2023, reaching an all time high of 21.60 percent in August of 1998 and a record low of 3.74 percent in March of 2021. This page includes a chart with historical data for Deposit Interest Rate in South Africa. Deposit Interest Rate in South Africa - values, historical data and charts - was last updated on June of 2023.
Deposit Interest Rate in South Africa is expected to be 6.42 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in South Africa is projected to trend around 5.17 percent in 2024 and 4.17 percent in 2025, according to our econometric models.